Daesung Group, which celebrates its 60^th anniversary in 2007, is an energy and culture industry-based
conglomerate with 23 subsidiaries. We are proud to state that over the decades we have earned
customer loyalty through sound management practices and the considered expansion of our energy
sectors and acquisition of diverse knowledge-based businesses. Following the declaration of our
Second Founding in 2001, the Group has successfully entered the global market by boldly investing
in new technologies as well as the strategic industry of future generations-the culture industry.
Finding inspiration in our motto “Warming Hearts, Warming Bodies,” Daesung Group looks forward to
successfully taking o whatever challenges the future may hold and responding to them with creative
solutions.

As we embark on new decades of growth, Daesung Group looks forward to strengthening its position of
expertise I all fields of energy and making greater inroads into the ever expanding dimensions of the
culture industry including films, games, and the Internet portal business. As always, we will retain our
commitment to the value of experts knowledge, rational operations and globalization.

Daesung Group Subsidiaries

Global Energy: Today and Tomorrow

(Click here to see the Powerpoint file of this presentation.)

Director of Programmes

World Energy Council

When discussing energy, it is important to keep in mind that energy is perhaps the most global industry.
Developments in the energy sector of a country or a region on one side of the globe can directly
influence events and developments in countries on the other side of the globe. Moreover, the lead-times
for these developments can be extremely short, a matter of hours or even minutes, as for example is
the case of oil prices. The main energy resources: oil, coal and natural gas are traded on the world
market, and the most serious consequences of energy production and use, such as GHG emissions,
also concern the whole world.

The world’s energy resources, in particular coal, remain abundant and sufficient to meet the growing
demand for energy services. This however does not mean that energy will be cheap. The geographical
distribution of the main energy resources around the world presents an unbalanced picture: the main
energy demand centres and the main energy resources are located in different parts of the world.
Fossil fuels clearly dominate the fuel mix, but hydro and nuclear also play an important role, and
this is hardly going to change in the coming decades.

On the consumption side, the global picture is even more unbalanced. Nearly 1.6 billion people
(or more than a quarter of the world population) do not have access to modern energy services.
Most of these people live in developing countries. It is obvious that future growth in energy demand
will mainly come from developing countries. Today, developing countries account for approximately
35% of global energy consumption, and by 2030, this figure will surpass 50%. Meeting the projected
demand for energy services requires huge capital investments. The International Energy Agency
estimates this requirement to be about 16 trillion US dollars until 2030. Investment decisions and
technology choices will be made mainly on costs considerations, but given the increasing importance
of environmental implications, it is becoming imperative to base investment decisions on a wider range
of factors. Energy systems have long lead times, and do not change overnight. Decisions made today
will form our lives for decades, and it is important that these decisions are based on facts and a proper
economic assessment of available options, not on believes, wishful thinking or politics.

Profile

Elena V. Nekhaev is Director of Programs at the World Energy Council’s (WEC) Secretariat in London
where she is responsible for Technical and Regional Programs as well as the triennial World Energy
Congress-related activities. Ms. Nekhaev holds a BA in Economics from the Tampere University in
Finland and an MBA from the London City University Business School.  Prior to joining WEC in 1995,
Elena V. Nekhaev spent more than ten years with ABB working on various projects in different countries,
mainly in the power generation business area. 

Biofuel: A Good Alternative to Future Fuel

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Kuniyuki Terabe

 

General Manager, Petrobras.

Executive Vice President

Brazil-Japan Ethanol Co., Ltd.

 

This presentation gives an overview of biofuel production in the world and the consequences of this in the 
energy matrix consumption of each country and in environmental change.  One of the best examples in the
world of the production and use of bio ethanol and bio diesel as transportation fuel—the case of Brazil—will
be cited. In the case of ethanol, its regular use in vehicles began more than 30 years ago. During this
period, each economic agent of the ethanol industry developed its own technologies. The agricultural sector
developed many kinds of specific varieties of sugar cane adjusted to climate, soil fertility, and so on;
prompting an increase the production of sugar cane. The industrial mills adjusted their technologies
to increase the production of ethanol and decrease energy consumption and cost. The car makers
developed technologies to adjust engines so that it become possible to use ethanol blended at the
percentages of 10%, 12%, 25%, and 100%. Nowadays car manufacturers have developed the flex fuel
vehicle, in which either ethanol or gasoline can be used in any proportion. All of the agents worked together
with each other, coordinated by government policy. In the bio diesel segment Brazil has developed new
technologies which will be presented. The production of biofuels increases continuously and in 2006
produced more than 17.0 billion liters of ethanol, and exported about 2.8 billion, and more than 800 million
liter of biodisel. Due to land conditions, good climate, and acquired expertise, Brazil can now supply part
of the world’s biofuel demands.

 

 

Profile

 

Kuniyuki Terabe has international caliber credentials in the fields of oil shale, refinery, lubricant, petrochemicals, and biofuels.  For nearly three decades he worked in the development of the oil shale industry in Brazil.  Mr. Terabe has served as the General Manager of Rio Grande do sul Refinery of Petrobras,
Executive Manager of their lubricant business and finally as President of Petrobras Quimica – Petroquisa
S.A. Currently he is general manager of Petrobras/BJE and Executive Vice President of  Brazil Japan
Ethanol Co., Ltd. in Japan.

 

Solar Electricity: the global status of

photovoltaic power

(Click here to see the Powerpoint file of this presentation.)

 

Managing Director, IT Power Ltd, UK

The silicon photovoltaic cell, which converts sunlight directly to electricity, was invented just over fifty
years ago.  At first it was a novelty, too expensive for practical use.  Space applications, where cost was
not an issue, resulted in major investments in R & D and improvements in efficiency.  In the 1970’s
companies started producing PV modules for applications like telecommunications and signaling in
locations where conventional electricity was not available and PV was the most convenient and
least-cost power source.  The PV community has also worked hard to bring electricity for lighting and
other basic services to approximately 2 billion people in the developing world who do not have access
to modern energy.

There have been rapid advances in technology, but this is now driven by environmental and global
climate considerations in the developed countries, not the desire to bring electricity to the poor in
developing countries.  Over recent years, there has been exponential growth in the PV market thanks
to national programs, such as in Japan, and generous feed-in tariffs, like in Germany which is now
the worlds’ largest PV market.

In 2006, PV manufacture amounted to 2,500 MWp, a 40% increase over 2005.  PV is now is now big
business worth $20 billion/year.  The biggest producers are in Japan, but most rapid growth is in China,
which could become the world leader in two or three years.  The growth will continue, driven by such
factors as the European Union’s target of 20% of energy from renewables by 2020.

The paper describes the phenomenonal development of photovoltaics on a global basis.

Profile

Bernard McNelis is a leader in the world renewable energy community.  He is Managing Director, and
was Co-Founder of IT Power 25 years ago. He has 30+ years experience with renewable energy
technologies in industry and consulting practice.  He is an established international expert, and has
been engaged by most of the United Nations agencies, World Bank EU and UK Government
Departments, and has completed assignments in more than 50 developing countries. His work has
been recognized by several international awards, most recently the Robert Hill Award for the promotion
of Photovoltaics for Development, bestowed by the world PV community in Dresden in September 2006.